5673 Woodlawn PlNew OrleansLA70124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in New Orleans at 5673 Woodlawn Pl, New Orleans, LA, 70124 priced at $480,100 converts $3,493/mo rent into $318/mo cash flow after a $2,350/mo obligation. Total monthly income equals $3,493/mo, and annual cash flow totals $3,821/yr on $159,153 invested. Return on cash invested prints 22.31% in year one, and rental yield reads 8.73% against a $480,100 entry. Equity gained on principal adds $3,098/yr, while 5% annual appreciation compiles into $132,643 by year five. Five-year ROI reaches 116.28% and total cumulative return in cash sums $185,064. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,493/mo property income covering a $2,350/mo payment, not borrower’s personal income.
Single Family
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70124, New Orleans, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,174 (100%) |
| Owner Occupied HU | 6,916 (68.0%) |
| Renter Occupied HU | 2,432 (23.9%) |
| Vacant Housing Units | 826 ( 8.1%) |
| Median Home Value | $588,858 |
| Average Home Value | $647,212 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
9,693
Multi-Family
620
Businesses
329
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #2465033